Federal regulators approve Iberdrola-UIL merger FERC has approved the merger of Iberdrola and UIL, moving the two companies a step closer to creating one of the largest utilities in the nation, and the second largest wind developer. Connecticut and Massachusetts must also consider the deal, which is expected to close this year. The commission found … Continue reading Federal regulators approve #Iberdrola – #UIL merger
PPL Corp. (PPL) Stock Falls After Spinoff Completion NEW YORK (TheStreet) — Shares of PPL Corp. (PPL – Get Report) were falling 8.5% to $31.82 on Tuesday, a day after the electric utility company completed the spinoff of its competitive supply business. The spinoff power company, called Talen Energy, also includes generation assets owned Riverstone … Continue reading #PPL Corp. (PPL) Stock Falls After Spinoff Completion
Talen Energy Corp. established as PPL Corp. energy generation spinoff PPL Corp.’s competitive power generation spinoff Talen Energy Corp. was established Monday, comprising assets that generated $4.3 billion in revenue in 2014. Allentown-based PPL and its partner in the new company, Riverstone Holdings LLC, received final regulatory approval in April to form Talen. The spinoff … Continue reading #Talen_Energy Corp. established as #PPL_Corp. #energy #generation spinoff
Quantum Utility Generation Acquires ERCOT Development Portfolio from Navasota Energy May 27, 2015 — Quantum Utility Generation, LLC (“QUG”, or “Quantum”) announced today that one of its affiliates has acquired a development portfolio of natural gas-fired peaker projects from Navasota Energy Services, LLC (“Navasota”). The 1,764 megawatt portfolio currently consists of three advanced-stage development projects … Continue reading Quantum Utility Generation Acquires ERCOT Development Portfolio from Navasota Energy
Dam Holding Back Energy Dealmaking Will Burst by 2016, Energy Bankers Say The oil and gas sector could see some big M&A toward the end of this year or the beginning of 2016, said panelists at the Mergermarket Energy Forum in Houston last week. Price stability, at any level, will be the main catalyst for … Continue reading Dam Holding Back #Energy Dealmaking Will Burst by 2016, Energy Bankers Say
Big victory for Exelon in Maryland Exelon Corp. Energy and Utilities Energy and Utilities – Regulation Mergers and Acquisitions More + Washington, D.C.-based Pepco provides electricity to the nation’s capital, as well as the Maryland suburbs. Washington, D.C.-based Pepco provides electricity to the nation’s capital, as well as the Maryland suburbs. Exelon won a big … Continue reading Big victory for #Exelon in #Maryland
#Exelon: Pulled ads prompt questions The Pepco/Exelon merger is still on hold, but a move to pull advertising supporting the merger is prompting speculation from some the merger is a done deal. But Exelon doesn’t see it that way – though Exelon paid for the ads. “The decision to discontinue ads in Maryland and D.C. … Continue reading Pulled ads prompt questions #Exelon #exc
Feds approve Wisconsin Energy’s $9.1 billion purchase of Integrys The largest acquisition ever proposed by Milwaukee-based Wisconsin Energy Corp. has received federal approval after the Federal Energy Regulatory Commission Tuesday cleared the energy company’s $9.1 billion purchase of Integrys Energy Group Inc. of Chicago. The deal still requires the approvals of public service commissions of … Continue reading Feds approve #Wisconsin_Energy’s $9.1 billion purchase of #Integrys
Dynegy wins federal OK to buy Duke, Energy Capital power plants Dynegy (DYN +5.4%) opens higher after announcing late Friday that it won approval from the FERC to buy power plants in Illinois, Ohio and Pennsylvania from Duke Energy (DUK +0.5%) and Energy Capital Partners for $6.25B. Read full article at Seeking Alpha
Utilities experience competition, don’t like it, run crying to regulators ….A while back, holding companies were rushing to buy more generation utilities, since there were big profits to be made from big power plants on wholesale power markets. But a funny thing happened in those markets: They got competitive. In fact, natural gas and wind … Continue reading #Utilities experience competition, don’t like it, run crying to #regulators
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